NFT Market Resurgence

The non-fungible token (NFT) market is showing signs of a resurgence, with a total market capitalization reaching $6.6 billion in July, according to the data platform DappRadar.

The platform reported this on Thursday, noting a 94% increase from the previous month. Weekly trading volume surged to $136 million, up 51% from the prior week, marking the strongest weekly performance since February.

This surge followed a continuous decline in quarterly trading volumes. On July 10, DappRadar data indicated that NFT trading volumes had consistently decreased from the second quarter of 2024 to the second quarter of 2025.

CryptoPunks Lead Resurgence with Major Sale

The Ethereum-based NFT collection CryptoPunks has led this resurgence. DappRadar noted that CryptoPunk floor prices have jumped 53%. The collection remains the most actively traded among NFTs.

> “They’re still the gold standard of Web3 clout,” said DappRadar analyst Sara Gherghelas. “For some, owning a Punk is about more than profit — it’s status, pure and simple. And right now, that status is trending.”

On Monday, CryptoPunks witnessed a significant jump in floor prices, reaching 47.50 Ether (ETH), approximately $180,000, within 24 hours—a 15.9% increase from an opening floor price of 40.9 ETH that day. Additionally, data showed that 83 CryptoPunks were acquired by new holders that day.

High-profile CryptoPunk sales also took place. Last Thursday, GameSquare Holdings announced the purchase of Punk #5577, the iconic Cowboy Ape CryptoPunk, for $5.15 million of the company’s preferred stock.

>The Punk’s previous owner, Robert Leshner, founder of the DeFi protocol Compound, will now work with GameSquare as a shareholder. The CryptoPunk is one of only 24 ape-themed Punks and sports a cowboy hat, initially claimed in 2017 and sold for only $454.

Dominance of Ethereum NFTs

In addition to CryptoPunks, the Pudgy Penguins collection is also on the rise, surpassing CryptoPunks’ seven-day trading volume by recording over $20 million last week. However, as of writing, CryptoPunks had reclaimed the top position, leaving Pudgy Penguins in second place.

Another Ethereum-based collection, CryptoBatz NFTs, surged by 400% following the death of their creator, Ozzy Osbourne.

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